000			01051pab a2200157 454500
008			180718b2004 xxu||||| |||| 00| 0 eng d
100			_aRastogi, Anupam
245			_aRestructuring public finances
260			_c2004
300			_ap.2756-772.
362			_a26 Jun
520			_aPublic finances in India are at a turning point. Analysis of the past data, however, shows no improvement in any of the major fiscal indicators. Restructure of debt, reforms in power sector and implementation of other issues under MTFRP hold promise for future. Lower revenue transfers to states have exacerbated their revenue deficits and capacity to spend on social infrastructure. Performance-based sector-specific transfers could set an example for state finance commissions. In the coming years, as states are expected to raise part of the resources from the capital market, the roles of state plans and the central planning commission need to be re-examined. - Reproduced.
650			_aPublic finance
773			_aEconomic and Political Weekly
909			_a61305
999			_c61305 _d61305